13 February 2016

Matt White

Matt White - Finextra

85Posts 298,414Views 172Comments

EBAday

EBAday is the annual event for European payments professionals run by Finextra in conjunction with the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on Sepa and new developments in payments processing.
A post relating to this item from Finextra:

EBA Clearing makes online shopping play with pan-European e-payments initiative

15 June 2011  |  8360 views  |  1
EBA Clearing has outlined plans to launch a pan-European electronic payments service for online shopping, enabling buyers and sellers to complete transactions through their e-banking portals.

EBAday: online payments - it's all about mobile

15 June 2011  |  5841 views  |  0

Unsurprisingly, EBA Clearing's just-announced plans for a pan-European e-payments service - dubbed mybank - took up a fair chunk of EBAday's ‘innovation in online payments and e-services' session.

There was just a hint of choreography in Thuiswinkel.org's Wijnand Jongen declaring that his industry is desperate for a bank-backed cross-border payments offering for online shopping before promptly handing over to EBA Clearing's John Broxis to reveal that's exactly the plan. Jongen even used his iPad mid-session to order his new friend Broxis some flowers as a thank-you - although he did use PayPal.

If anyone was still in doubt about the imminent dominance of the mobile phone in payments, they were quickly corrected by all the panel members, with Mahadevan Balakrishnan, COO of National Payments Corporation of India offering an eye-opening perspective from an emerging giant. Cash may still dominate in India but there is a concerted effort to migrate to cheaper e-payments. In India, particularly rural India, this means using mobile phones and work is well underway on a interbank m-payments service. With 800 million handsets in the country compared to just 300 million bank accounts, this plan could bring literally hundreds of millions of people into the formal banking world.

TagsPayments

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from

Matt's profile

job title North America editor
location Toronto
member since 2007
Summary profile See full profile »
North America editor

Matt's expertise

What Matt reads
Matt writes about

Who's commenting on Matt's posts